Stock market today: Asian shares mostly gain after tech shares lead Wall St higher
Asian markets forged higher Tuesday after another day of gains on Wall Street led by technology stocks.
U.S. futures were nearly flat and oil prices edged higher.
Tokyo’s Nikkei 225, reopening after a national holiday, jumped 1.6% to 38,835.10. The advance was led by semiconductor companies like Tokyo Electron, which closed 4.8% higher, and Advantest, which picked up 2.2%.
The Kospi in South Korea surged 2.1% to 2,731.83, helped by big tech companies like Samsung Electronics, which racked up a 4.5% gain, and smaller rival SK Hynix, which added 3.7%.
Hong Kong’s Hang Seng shed 0.5% to 18,470.90. But the Shanghai Composite index recovered from early losses, gaining 0.3% to 3,148.56.
Australia’s S&P/ASX 200 advanced 1.3% to 7,781.70 after the central bank decided to keep interest rates unchanged at 4.35%.
While the Reserve Bank of Australia has likely set the bar high for any rate hikes, it “will probably need to see several more months of soft data before it is confident that it can loosen policy settings. All told, rate cuts will likely take longer to materialize than most are anticipating,” Abhijit Surya of Capital Economics said in a commentary.
Related articles
Los Angeles hotel famous for Pretty Woman goes Back To The Future
Beverly Wilshire, A Four Seasons Hotel occupies a building that found fame with the movie Pretty Wom2024-05-08Feature: Namibian city market bolsters local product commerce
Vendors exhibit and sell local products at the Village Sunday Market Day in Windhoek, Namibia, on Ap2024-05-08Bolivia urges UN to facilitate peace in Middle East
LA PAZ, April 14 (Xinhua) -- Bolivian President Luis Arce on Sunday called on the United Nations to2024-05-08Global South urged to make voices heard
At a time when the world is faced with multiple crises ranging from climate change to conflicts and2024-05-08Chicago Sky rookie Kamilla Cardoso out at least a month with a shoulder injury
CHICAGO (AP) — Chicago Sky rookie Kamilla Cardoso will be sidelined for at least a month with a shou2024-05-08New productive forces key to growth, Xi says
Session: Vision points way to sustainable growthPresident Xi Jinping has underlined the key role of2024-05-08
atest comment